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Vitol to acquire 50% of Brazilian downstream company Rodoil
Vitol has agreed to acquire 50% of Brazilian downstream company Rodoil for an undisclosed sum.
Rodoil is a market leader in the southern part of Brazil, with a downstream network comprising some 300 branded service stations and a distribution business supplying an additional 1,400 plus service stations through its network of 10 strategically located terminals. Sales in 2018 are expected to be around $1.2bn.
Brazil has significant potential and is already the world’s sixth largest fuels market, according to Russell Hardy, CEO, Vitol.
News Item details
Journal title: Petroleum Review
Keywords: Energy
Countries: Brazil -
Subjects: Business management, Forecourt retailing
